Gross Foreign Debt of Croatia Down to EUR40.1bn | Beta Briefing

Gross Foreign Debt of Croatia Down to EUR40.1bn

Source: Beta
SEE Business / Croatia | 21.09.20 | access_time 10:15

Euro (Pixabay)

According to the latest Croatian National Bank data, at the end of May the gross foreign debt totaled EUR40.1bn, down 819.7m or 2% relative to the end of 2019. 

Viewed by components, at the end of May the gross foreign debt of the general state accounted for 15.6% or EUR13.3bn of the total foreign debt, up 374m relative to the end of 2019. 

The gross foreign debt of the other domestic sectors, which pertains to the debts of all financial institutions except monetary financial institutions, private and public non-financial organizations, non-profit institutions that serve households, and households, including employers and the self-employed in May decreased slightly against April (-0.9%), while it still low compared to the end of 2019, too. 

With a share of 40% of the total gross foreign debt, the gross foreign debt of the other domestic sectors at the end of May was EUR16bn (-652.5m relative to the end of 2019). 

The gross foreign debt of the financial sector, i.e. of the domestic banks, which at the end of May amounted to EUR3.76bn, decreased by 175.7m relative to the end of last year. 

The share of the financial sector’s gross foreign debt remained at 9.4% of the total gross foreign debt. 

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